AFA
Annual accounts 2024
full format, filed on 03-12-2025, 125 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 6 November 2026.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €94,000 and €170,000.
Balance sheet
balance sheet total €24,743 on 31-12-2024Change in equityin euro
Change in cashin euro
Position in the sector
Solvency33.0%
Higher than 50% of 575 companies in 2024.
Current ratio1.08
Higher than 43% of 556 companies in 2024.
Return on assets21.4%
Higher than 89% of 559 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
24,743 | 11,508 | |
Fixed assets21/28 |
16,700 | 1,300 | |
Tangible fixed assets22/27 |
16,700 | - | |
Furniture and vehicles24 |
16,700 | - | |
Financial fixed assets28 |
- | 1,300 | |
Current assets29/58 |
8,043 | 10,208 | |
Stocks and contracts in progress3 |
2,000 | - | |
Stocks30/36 |
2,000 | - | |
Amounts receivable within one year40/41 |
- | 4 | |
Other amounts receivable41 |
- | 4 | |
Cash at bank and in hand54/58 |
6,043 | 10,204 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
24,743 | 11,508 | |
Equity10/15 |
8,177 | 6,473 | |
Contributions10/11 |
2,880 | 2,880 | |
Profit (loss) carried forward14 |
10,594 | 3,593 | |
Advance to shareholders on the distribution of net assets19 |
5,297 | - | |
Amounts payable17/49 |
16,566 | 5,035 | |
Amounts payable after more than one year17 |
9,116 | - | |
Financial debts170/4 |
9,116 | - | |
Amounts payable within one year42/48 |
7,450 | 5,035 | |
Trade debts44 |
2,000 | 472 | |
Suppliers440/4 |
2,000 | 472 | |
Taxes, remuneration and social security45 |
4,420 | 4,422 | |
Taxes450/3 |
4,420 | 4,422 | |
Other amounts payable47/48 |
1,030 | 141 | |
| Income statement | |||
Non-recurring operating income76A |
218,400 | - | |
Gross operating margin9900 |
48,000 | 5,506 | |
Goods, raw materials, services and sundry goods60/61 |
170,400 | - | |
Remuneration, social security and pensions62 |
36,000 | - | |
Other operating charges640/8 |
4,420 | 472 | |
Operating profit (loss)9901 |
7,580 | 5,034 | |
Financial charges65/66B |
133 | 133 | |
Recurring financial charges65 |
133 | 133 | |
Profit (loss) for the period before taxes9903 |
7,447 | 4,901 | |
Income taxes67/77 |
2,150 | 1,308 | |
Profit (loss) for the period9904 |
5,297 | 3,593 | |
Transfer from tax-exempt reserves789 |
5,297 | - | |
Profit (loss) for the period to be appropriated9905 |
10,594 | 3,593 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
10,594 | 3,593 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 03-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Investment in fixed assets | 16,700 | 1,300 | |
| Change in cash | -4,161 | - | |
| Working capital | 593 | 5,173 | |
| Solvency | 33.0% | 56.2% | |
| Current ratio | 1.08 | 2.03 | |
| Quick ratio | 0.81 | 2.03 | |
| Debt to equity | 2.03 | 0.78 | |
| ROE | 64.8% | 55.5% | |
| ROA | 21.4% | 31.2% | |
| Supplier credit | 4 days | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 |
|---|---|---|
| Tangible fixed assets | €16,700 | - |
| Financial fixed assets | - | €1,300 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Insights on AFA
The operating result for 2024 is 51% higher than in 2023.
Debt's share of the balance-sheet total rises from 43.8% to 67.0%. Equity and debt are higher.